Ben Croxton, CEO of World Energy Solutions, said "This is an enormous milestone for the Company, and we have worked very hard to achieve this goal. Needless to say, UL approval is a critical element to the success of World Energy. We are proud to have their stamp of approval."
Croxton continued, "We have completely re-designed and value-engineered our TVSS products to be more efficient, lighter, easier to install, more compact and capable of fitting into less accessible spaces. These products will help to expand the Company's position in the multi-billion dollar TVSS market."
Transient voltage surges, or power surges, are brief spikes of power that can permanently damage electrical equipment. It is the single largest cause of premature electrical equipment failure and costs U.S. industry $26 billion per year in lost time, repair and replacement expenses, according to a recent study.
World Energy believes that the UL approval will provide a significant boost to early sales of the products that were launched this week. The new product line is comprised of 15 basic models for surge protection in applications including Closed-circuit television, Fire and Intruder Alarm Systems, Telecommunications, Access Controls and other sensitive electronic equipment.
The new TVSS units will be sold under the "E CLIPS" brand and can be ordered on-line from the Company's new state of the art automated web-site www.eclipstvss.com where complete product descriptions, specification sheets and illustrations are available with details of a range of possible applications. The new products can be delivered by express freighting services from World Energy Solutions distributors throughout the USA.
About Underwriters Laboratories
Underwiters Laboratories is a Nationally recognized independent testing organization which examines and tests electrical and electronic equipment from a variety of industrial sectors, for safety and reliability. Several test regimes are performed on new products to ensure they are capable of working as designed. The test regimes subject the products to conditions in excess of their normal working environments and ensures the products can work safely in extreme conditions.
About World Energy Solutions, Inc.
World Energy Solutions, Inc. (WES) is an energy services company and electronics manufacturer. WES' primary business focus is the development of technology for lowering electrical, gas and water usage for commercial, government and residential facilities. As a manufacturer of transient voltage surge suppressor systems, WES uses cutting-edge technologies and design standards to provide its customers with full lifetime warranties on its products. For more information about WES, please visit its website at www.wesinc.net.
Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words such as "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe World Energy Solutions' future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of World Energy Solutions, which could cause actual results to differ materially from those currently anticipated. Although World Energy Solutions believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and World Energy Solutions does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
